On-time rent payments from independent landlords fell to 83.6% in July 2025, the 24th straight annual decline, per RentRedi and Chandan Economics.
Quick Answer
On-time rent payments among independent landlords fell 20 basis points (bps) to 83.6% in July 2025, according to the Chandan Economics-RentRedi Independent Landlord Rental Performance Report. RentRedi’s data shows on-time payments 209 bps below a year earlier, the 24th straight month of annual declines. The Chandan Economics-RentRedi forecast full-payment rate fell to 93.4%, its lowest reading since December 2020.
Wondering how on-time rent payments are faring across the nation? Here is what RentRedi and Chandan Economics found for July 2025, and how it compares with where the series stands today.
Key Takeaways on Rental Performance for July 2025
The Chandan Economics-RentRedi report found five things:
- RentRedi’s data shows the on-time payment rate in independently operated units fell 20 bps to 83.6%.
- RentRedi’s data shows on-time payments have fallen year over year for 24 consecutive months.
- The Chandan Economics-RentRedi forecast full-payment rate fell to 93.4%, its lowest reading since December 2020.
- In RentRedi’s data, Western states led, with Idaho (93.5%), Hawaii (92.3%), Alaska (91.6%), Utah (91.2%), and Montana (91.1%) in the top five.
- By property type, RentRedi’s data shows 2-4 unit rentals led at 84.0%, ahead of single-family (83.6%) and multifamily (82.4%).
What the July 2025 Data Shows
RentRedi’s data shows 83.6% of units paid their full rent on time, down 20 bps from June. Chandan Economics revised June from 84.3% to 83.8%, so RentRedi’s data shows on-time payments down 229 bps over four months. RentRedi’s data shows the slide did slow in July, after drops of 68 bps in May and 128 bps in June.
The Chandan Economics-RentRedi data shows on-time payments down 209 bps from a year earlier. Chandan Economics called that the second-largest annual decline of the post-pandemic era, though smaller than June’s 226 bps drop. The Chandan Economics-RentRedi forecast full-payment rate, which counts on-time payments plus late payments expected to come in, fell 11 bps to 93.4%.
Chandan Economics pointed to household debt stress behind the weakness, citing rising auto loan and credit card delinquencies in the New York Fed’s Q1 data and student loan delinquencies at a five-year high as collections resumed. The Chandan Economics-RentRedi data also shows the gap between 2-4 unit and multifamily rentals widened to 162 bps, the largest since May 2024.
Where Rent Payments Were Strongest
RentRedi’s data shows Western states in front, with Utah (91.2%) in the top five. Landlords there can check our Utah landlord tenant law guide for the 2026 rules. New Hampshire (90.3%) was the first non-Western state in RentRedi’s data, at No. 9.
Year over year, the Chandan Economics-RentRedi data shows Missouri (+617 bps), Alabama (+321 bps), and the District of Columbia (+256 bps) improving most. Our Missouri landlord tenant laws guide covers deposits, repairs, and evictions for landlords there.
In the same RentRedi data, West Virginia (-1002 bps), Vermont (-718 bps), and Massachusetts (-675 bps) fell furthest. Massachusetts landlords can review our Massachusetts landlord tenant laws guide. Only 11 of the 50 states and the District of Columbia improved from a year earlier, according to the Chandan Economics-RentRedi data.
How July 2025 Compares With July 2026
The July figure did not hold. Chandan Economics’ August 2025 report revised RentRedi’s July reading from 83.6% to 82.9%, the post-pandemic low, and widened the annual decline to 279 bps. The Chandan Economics-RentRedi July 2026 report then put on-time payments at 83.2%, 53 bps above July 2025, with a forecast full-payment rate of 95.4%.
That 53 bp gain over a July 2025 figure of 82.9% implies Chandan Economics revised July 2025 lower again since. Chandan Economics also revised July 2026 down to 82.8% in its August 2026 report, so first estimates keep moving. For RentRedi’s read on that month, see July 2026 rent data, or browse the monthly rental performance reports archive.
What Landlords Can Take From the Data
Landlords control how easy it is to pay on time. RentRedi’s survey on autopay, reminders, and credit reporting found that units with tenants on autopay reach a 99% on-time rate, compared with 87% without it. In the same RentRedi survey, tenants ranked automatic reminders highest for helping them pay on time, at 44%.
Read the full July 2025 report from Chandan Economics
Want steadier on-time rent when household budgets are stretched? See how RentRedi’s automated rent collection handles autopay, reminders, and late fees.